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Forget Bernanke and Geithner, its risk-aversion that supports the USD

Posted by Dean Popplewell at 5:50 am EST, 11/20/2009

We are now paying the US government to look after our short term cash. Is that risk aversion or what? For the first time since the financial collapse, US 3-month T-Bills are trading negative! One gets an uneasy double dip feeling in the market, not a ‘jolly’ Christmas present. Whispers and rumors that more European banks are in trouble, the paranoia of keeping global rates too low too long causing new asset bubbles, especially in China, the ‘chosen savior’ has [...] read more

Filed under: Dean's FX, USD, EUR, GBP, CHF, JPY, AUD, CAD
Forex Rates
Interest Rates

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Market Pulse »

First Roubini, Now Obama Warns of “Double-Dip” Recession

Posted by Scott Boyd 3:47 pm EST, 11/18/2009

Back in August when I wrote about Nouriel Roubini and his warning of a recession “double-dip”, I never thought that within a few months, I would be writing a similar piece but with President Obama’s name in the headline. I also have to mention comments made by Federal Reserve Bank of St. Louis President James Bullard, who said earlier this morning that the Fed may not start to raise interest rates until early 2012. All in all, not a great [...] read more

Filed under: USD

Forward Rate Agreement

A forward rate agreement (FRA) is a derivatives-based financial instrument in which one party (the buyer or borrower) agrees to pay a fixed interest rate to another party (the seller or the lender). The fixed rate is calculated for a specified notional amount (i.e. the principal) that is owned and held by the seller of the FRA.

Forex Rumors »

Fed`s Bullard says may not hike rates until 2012, Eur/Usd spikes 50 points.
Posted under: at 9:25 am EST, 11/18/2009
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Economic Exposure »

MarketPulseFX interview

Posted by Alfonso Esparza 1:48 pm EST, 11/18/2009

Earlier this month the OANDA MarketPulseFX team had the opportunity of being interviewed by Hillel Fuld over at dailyforex.com. The interview gave us a chance to reach a more diverse pool of traders and to give them an insight into into what goes behind the scenes at the blog. Here is a sample from the interview: Why should someone read your blog? “The key thing we try to keep in mind is that not everyone – especially those engaging in part-time currency trading [...] read more

Filed under: USD, EUR, GBP, CHF, JPY, AUD, CAD

Central Bank Watch »

Eurozone Out of Freefall Says Trichet

Posted by Alfonso Esparza 9:56 am EST, 11/18/2009

In an interview with French journal Le Monde the European Central Bank President was asked the following question: The euro area economy grew by 0.4% in the third quarter. Is the crisis over? After the second quarter figures, which were still slightly negative, this positive growth confirms that we have indeed come out of the period of free fall which characterised the six months following the collapse of Lehman Brothers. The figures confirm our baseline scenario, that of a progressive and gradual [...] read more

Filed under: EUR

Forex News Roundup »

US Housing Crisis Not Over: Moody’s
Posted by: Scott Boyd 12:01 pm EST, 11/20/2009
Dollar May Fall to 87 Yen: Techncial Analysis
Posted by: Scott Boyd 9:16 am EST, 11/20/2009
Stocks Fall on Trichet’s Spending Remarks
Posted by: Scott Boyd 9:11 am EST, 11/20/2009
Japan’s Economy Back in Deflation
Posted by: Scott Boyd 8:52 am EST, 11/20/2009

Latest Articles

US Housing Crisis Not Over: Moody’s
Posted by Scott Boyd at 12:01 pm EST, 11/20/2009
Dollar May Fall to 87 Yen: Techncial Analysis
Posted by Scott Boyd at 9:16 am EST, 11/20/2009
Stocks Fall on Trichet’s Spending Remarks
Posted by Scott Boyd at 9:11 am EST, 11/20/2009
November
20
Today’s Global
Market Events
8:30 am
CAD
Core Retail Sales m/m
0.5%
CAD
Retail Sales m/m
0.8%
10:00 am
USD
Existing Home Sales
5.57m
6:00 pm
AUD
CB Leading Index m/m
1.8%